The US Securities and Exchange Commission (SEC) has continued its wave of delays on the pending crypto ETFs. This time, the Commission has postponed its decision on CoinShares Litcoin and XRP ETFs, while calling for comments and rebuttals on these filings. SEC Delays CoinShares Litecoin and XRP ETFs In an SEC release, the Commission revealed its decision to delay the approval or rejection of CoinShares XRP ETF ahead of the second deadline, which comes up on May 26. Similarly, the agency delayed its decision on the asset manager’s filing to list and trade shares of its Litecoin ETF on the Nasdaq exchange. The second deadline for the LTC ETF was also on May 26. Instead of approving or denying these funds, the SEC has called for more comments and rebuttals on these crypto ETFs. The next deadline for the Commission on these funds is August 24. It is worth mentioning… Read More at Coingape.com
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Matthew Ruthven is a crypto journalist and blockchain strategist with a passion for exploring the intersection of technology, finance, and decentralized governance. With a background in software development and digital economics, he brings a technical yet accessible approach to analyzing the latest trends in cryptocurrency and Web3 innovation.